Boot Barn Holdings Inc (BOOT)
Return on total capital
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 198,214 | 222,686 | 220,035 | 225,607 | 231,787 | 231,460 | 251,156 | 257,120 | 258,338 | 228,809 | 178,243 | 138,171 | 86,326 | 63,162 | 56,513 | 59,405 | 73,668 | 80,471 | 74,791 | 70,554 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 49,399 | 49,314 | 109,781 | 109,591 | 109,402 | 109,212 | 109,022 | 108,832 | 108,642 | 108,464 |
| Total stockholders’ equity | US$ in thousands | 943,643 | 910,945 | 852,386 | 813,696 | 776,450 | 729,210 | 673,937 | 639,534 | 599,676 | 553,279 | 481,257 | 439,877 | 394,891 | 362,608 | 330,034 | 322,546 | 321,693 | 313,939 | 285,149 | 275,695 |
| Return on total capital | 21.01% | 24.45% | 25.81% | 27.73% | 29.85% | 31.74% | 37.27% | 40.20% | 43.08% | 41.36% | 33.59% | 28.24% | 17.11% | 13.38% | 12.86% | 13.76% | 17.10% | 19.03% | 18.99% | 18.37% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $198,214K ÷ ($—K + $943,643K)
= 21.01%
Boot Barn Holdings Inc has demonstrated a fluctuating trend in return on total capital over the past few quarters. The return on total capital has ranged from a low of 12.86% in September 2020 to a high of 43.08% in March 2022, indicating significant variability in the company's ability to generate returns for both debt and equity investors. Overall, the return on total capital has generally been on an upward trajectory, with a few slight fluctuations. The company's ability to efficiently utilize its total capital to generate profits has improved from 17.10% in March 2020 to 21.01% in March 2024. This suggests that the management of capital resources has become more effective over the analyzed period.
Peer comparison
Mar 31, 2024